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<br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1113 Sherman St ,Room 215 <br />Denver, Colorado 80203 <br />Phone: (3031 866-3567 <br />FAX (303) R3?-R106 <br />MINING AND RECLAMATION PERMIT <br />Permit Number: <br />Type of Permit: <br />Permit Date: <br />CONSTRUCTION MATERIAL MINING OPERATIONS <br />M-97-098 <br />112c <br />March 30, 1998 <br />(Anniversary date for <br />annual report and fees <br />purposes) <br />~~~~~ <br />DEPARTME(VT OF <br />NATURAL <br />RESOURCES <br />Roy Ramrr <br />Goeemnr <br />lames 5. Lochhead <br />Execulire Director <br />Michael B Long <br />Division Direua <br />THIS PERMIT is issued by the Mined Land Reclamation Board, Department of Natural Resources, <br />State of Colorado. <br />RECITALS <br />A. The Permittee, P.C. Management, LLC desires to conduct a mining operation known as <br />Flag Creek Mine, for the purpose of extracting dimension stone. The Permittee will not mine any secondary <br />corrunodities at this site. <br />B. On March 9, 1998 the Mined Land Reclamation Board (the "Board") approved the <br />Permittee's application for this perntit, fixed the amount of the financial warranty and directed that this <br />permit be issued upon the filing with the Division of Minerals and Geology (the "Division") of performance <br />warranty and fmancial warranty (or warranties) in the amount so fixed in form and substance approved by <br />the Division. Said warranties have been filed with the Division. <br />C. If the Permittee desires [o extract materials other than those listed in (A), a separate permit <br />may be required. <br />D. On March 9, 1998 the Board made the following findings: <br />1. The application for this permit complies with the requirements of the Colorado <br />Mined Land Reclamation Act for the Extraction of Constrnetion Materials, C.R.S. 34-32.5-1O1 et sec ., as <br />amended, and with all applicable local, state and federal laws; <br />